Replies to post #533942 on Mr Cooper Group Inc (COOP)

[Jestiron]

Agree! There is a veil between escrow (LT) and WMIH similar to the one that existed previously between WMB and WMI.

We cannot pierce this veil.

[BBANBOB]

Claw
Nice position
WA FUNDING TR III XXXD05/24/07 6.895% MS99 ESCROW POSITION 7,588


Now concerning that position, do you not find it strange that the 6.895% like mine """CHANGED from 7.75%"""

Why would anyone waste the time to cahnge a dividend RATE ON a MARKER that holds no value , isn't alive, and will never be paid!!!

I will ask you this
DO LAWYERS EVER DO ANYTHING FOR NO REASON AT ALL or is there always some sort of calculated reasoning behind every action a LAWYER does

[jerrylev]

Nice holding.

Poor me, I only have 1/3 of what you got.

The div percent in "WA FUNDING TR III XXXD05/24/07 6.895%" is just the name of the old preferred stock. But it means nothing as far as preferred still paying dividend, The stock was canceled, dead. And just because the company was bankrupted, it's enough to stop paying dividends to preferred.